Injective Protocol (INJ) setup for upto 17.50%Hi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a 4-hr time frame, INJ has formed another bullish Gartley for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Inj
INJ (the strong bull )INJ / USDT
INJ showed strength in every flash crash since last few weeks and today it make a new ATH !
Its kind of behavior/ price action only reminds me of BNB and SOL in 2021 !
I want to see it consolidating and holding above its previous ATH in order for push more
Could it repeat BNB 2021 or SOL 2021 again ?
#DYOR
INJUSD Two sell signals for low risk profits.Injective (INJUSD) is rising aggressively within a 1-year Channel Up, currently on its 2nd Bullish Leg of the pattern, supported by both a Higher Lows (dashed) trend-line and the 1D MA50 (blue trend-line).
We expect it to peak on the Channel's top (Higher Highs trend-line) where we will short it, targeting 30.000. If however it breaks below the Higher Lows trend-line earlier, we will sell the break-out and target a potential contact with the 1D MA200 (orange trend-line) at 16.000.
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INJUSDT at LTF support, likely to head up and clear the highI believe the price has retraced enough and has landed on the adjusted low time frame support LTFS1 and may be ready to bounce again. This time the bounce will probably clear the high it has made previously. However, partial profit taking on the way up would not be a bad idea. Let see how and where it goes.
INSUSDT at LTF support, likely to head up to 34.08The price has hit the low time frame support LTFS1 and it is lilkely to bounce from there. Therefore, a long is preferable here. The target of the trade should be 34.08. The stop loss has also been marked on the chart. If it loses that support, then it is heading towards 30.9 area.
What is INJ ? Product descriptionInjective (INJ) is a blockchain protocol focused on decentralized finance (DeFi) applications. Developed by Injective Labs, it was launched in 2018 with key features designed to enhance the DeFi ecosystem.
Key Features of Injective:
- Interoperability: Built using the Cosmos SDK, Injective is highly interoperable. It supports the Cosmos Inter-Blockchain Communication (IBC) protocol, allowing seamless asset transfer across different blockchain networks. Injective is compatible with multiple blockchains like Ethereum, Solana, and Cosmos.
- Decentralized Finance Tools: Injective provides developers with software modules to build DeFi solutions, including decentralized exchanges (DEXs). These tools ensure interoperability and liquidity aggregation within its ecosystem.
- Decentralized Autonomous Organization (DAO): Governance of the Injective protocol is overseen by a DAO, allowing community-driven network and protocol updates.
- Resistance to Front-Running: Injective employs a frequent batch auction model to prevent front-running, a common issue in decentralized exchanges.
- Deflationary Tokenomics: INJ, the native token of Injective, has a deflationary mechanism. 60% of all protocol fees are burned weekly, reducing the token's supply over time.
- Use Cases of INJ Token: INJ is used for transaction fee discounts, staking rewards, governance, providing passive income, and incentivizing market makers.
Development and Ecosystem:
- Development Team: The Injective protocol was developed by Injective Labs, comprising engineers, traders, and operators. The team maintains a relayer interface and offers backend support for the protocol.
- Ecosystem Growth: Injective has a rapidly growing ecosystem with projects like Helix, Astroport, and Frontrunner. It also announced a $150M ecosystem initiative to support DeFi developers building on Injective.
- Technological Upgrades: Injective has undergone significant upgrades, such as the Injective CosmWasm Mainnet upgrade, which supports smart contracts and automated execution. The upcoming Volan upgrade will introduce sub-second block times and full IBC integration.
Injective Chain and Tokenomics:
- Chain Details. Injective Chain is a permissionless public blockchain network that operates on a Delegated Proof-of-Stake (DPoS) consensus.
- Token Supply: INJ has a maximum supply of 100 million tokens, with various allocations for ecosystem development, community growth, and initial sales.
In essence, Injective aims to create a more democratized and efficient financial system through its DeFi-focused blockchain infrastructure and native token INJ.
Fundamental analysis of the Injective cryptocurrencyGiven the scores obtained from our fundamental analysis of the Injective cryptocurrency, the project shows significant potential as a cryptocurrency investment. It demonstrates robustness in several areas, particularly in social and media presence, ecosystem development, and partners and investors. However, it must address certain challenges, including bolstering its software developer team and enhancing token utility within its ecosystem, to further increase its investment appeal. Despite these areas of improvement, the risk associated with the Injective cryptocurrency seems to be outweighed by its potential. It represents a sound project in the burgeoning DeFi space, offering promising opportunities for investors who are prepared to navigate the typical risks associated with crypto investments.
SOCIAL & MASS MEDIA: Score 8.7 out of 10
AUDIT & SECURITY: Score 7.11 out of 10
TOKENOMICS: Score 7.45 out of 10
ECOSYSTEM DEVELOPMENT: Score 8.1 out of 10
TEAM & DEVELOPERS: Score 6.8 out of 10
PRODUCT & UTILITY: Score 7.9 out of 10
PARTNERS & INVESTORS: Score 8.85 out of 10
Overall Score 7.90
INJ INJECTIVE EW COUNT with targetsINJective Protocol
had massive rally, reached target zone for wave 4 retracement levels of 0.236-0.382.
Can it go much higher? Possible but less favorable.
Fib Extension targets were also hit on both calculations, so its best to favor upside as limited.
Wave 4 * can * retrace to a maximum of 0.5 fib before the count can be considered as invalid.
For now, we're keeping the count as is until markets show us the count is invalid.
Favoring current high as wave (iii) of wave (iii) in a large degree ABC corrective rally.
Suspecting volatility on both sides similar to Feb with a move lower into a move higher before a larger pullback into a final pump higher to complete the wave (v) of wave C (projection NOT absolutes). However it can also be viewed as completed since it retraced to the targets as mentioned. Its not a long entry, but will be looking to short it once market gives a more clear view and entry. Will keep the count updated and post it when candles print. The key areas to look for are mentioned and the idea we're looking for has been explained, so if you can make sense of it keep an eye on the prize.
We will have to see how it plays out. A large pullback can be a great opportunity to scalp some profits; a retest of the highs should be coming soon enough.
We will patiently await to see what the markets decide over next few days/weeks going into the month of "sell in May, then go away"
If you like my charts, please feel free to share, comment and click like to show support.
Thanks and happy trading,
Cheers
INJUSDT on the riseThe move on this one has been pretty impressive. The price blasted through the monthly resistance MR1 on this move up and reached its all time high value. I believe it has a lot of potential to go further up. One should look for a good entry on this one for high time frame trade. Weekly support WS1 can be a good entry point in case we get that. For smaller time frame trades, we will discuss that in a separate post.
Injective INJ price is preparing to be first to surprise everyonWhile most altcoins are still thinking about whether or not to repeat the growth in the BTCUSDT price, INJ buyers have already answered this question.
The INJUSDT price has broken up of the corrective bullish flag, and consolidating above it, and is starting a new wave of growth.
In our opinion, "the round figure" $20 is an excellent medium-term target for the growth of the Injective token price
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Near to resistance 19$ (INJ)❤️❤️Thanks for boosting 🚀 and supporting us!
📈At the moment when we approach resistance, according to price action, we expect 80% return from support and resistance.
📊 (-sell) : 19.106
🔴 Stop Loss : 20.069
🎯 Take Profit : 17.55 - 16.65 - 15.162
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
INJ injective bearish 🐻 analysis ⏰I am expecting bearish 🐻 on BINANCE:INJUSD
Invalid 📌 above $16 day above
👀 R.s.i reaching over sold // bearish divergence
👀 Parallel channel 📌 formation
+
$12-14 expecting rejection towards $7.5-8.9
If parallel channel was broken 🤣 $2-6 💔😂
Don't hate if u ar fan 😂 of BINANCE:INJUSDT just market 😜 is all about bull 🐂 and bear 🐻
$12-14 >> $7.5-8.9 // worst case 📌 below $6.8 >> $2-6
3 ENTRY ON DIFFRENT LEVEL*-Technical Analysis 📈
break from high CH = move to 16.60$
*Trade (Buy) 📊
13.877$
*-Stop Loss 🔴
3 level
*-Take Profit 🎯
14.70$ - 16.60$
*-Risk Management 🚧
3-5%
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie